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Inside This Article: Claude AI models recently gained unauthorized access to three outside organizations’ systems during cybersecurity evaluations, according to Anthropic. Anthropic uncovered the incidents during a review of 141,006 evaluation runs and said two affected organizations had not detected the breach before being notified. Cyber & Privacy Liability Insurance and Technology Errors & Omissions (E&O) Insurance may respond to losses involving…
Inside This Article: Demand for senior care is rising as the number of older Americans grows. Recent data shows that senior care claims are becoming more costly and taking longer to resolve. Professional Liability Insurance and Commercial General Liability (CGL) Insurance can respond to claims involving resident injuries and other incidents. Proactive risk management and working with a specialized insurance broker can help facilities navigate tightening underwriting…
Abundant capacity, decelerating Property rates, and increasing competition are defining the P&C market in Q3 2026. Explore the trends shaping underwriting, coverage, and pricing.Â
Professional Liability market conditions remain competitive, with strong capacity and rates generally stable to soft across many lines. Click through for insights on AI-related liability exposures, evolving Cyber risks, social engineering threats, and other trends shaping the Professional Liability market.Â
Scenario 1: A consulting firm delivered a government-commissioned report containing apparent AI-generated mistakes, including a fabricated quote and references to research that did not exist. RELATED STATS: Shareholder actions, reputational harm, and other losses can follow when a company or its vendors misuse AI. According to a McKinsey survey, about 88% of organizations are using AI in at least one business function. SOLUTION:…
In our recent Q3 P&C Market Outlook webinar, Ryan Ascenzo, Senior Broker, Professional Liability, Burns & Wilcox, Brokerage Division, New York, New York, discussed how AI is influencing emerging cyber exposures and what that could mean for Cyber Insurance going forward. Watch a highlight from the discussion below. https://vimeo.com/1208796170/7fa70debfb?share=copy&fl=sv&fe=ci
Softening Property rates, catastrophe exposures, and evolving underwriting priorities are creating new challenges and opportunities across the insurance marketplace. Watch the Q3 2026 P&C Market Outlook recording for expert insights on: Property market conditions and weather-driven trends Casualty market competition and changing carrier appetite Professional Liability developments, including Cyber, D&O, EPLI, and AI-related exposures Strategies for building stronger submissions and…
Scenario 1:Â A subcontractor goes bankrupt mid-project, leaving a contractor with incomplete work and missing materials. RELATED STAT: According to a 2024 survey by the Associated General Contractors of America, 70% of contractors reported an increase in subcontractor defaults, with half experiencing project delays or cancellations as a result. SOLUTION: Professional Liability Insurance, such as Errors & Omissions (E&O) coverage,…